Like I’ve said before, so many lawyers (and other real estate professionals) simply DON’T UNDERSTAND Short Sales, so their knee-jerk reaction is to advise against them, even when the Short Sale would save the homeowner from a disastrous foreclosure.
Teaching Short Sale investors how to structure their transactions in a 100% ethical and legal way is something I do at my Breakthtrough live events.
You say that failure to disclose the higher bidder to the lender would cause you to advise against moving forward with the transaction. I would suggest you’ve forgotten some basics.
at Breakthrough we help you identify the right professionals to put on your team in the first place – how to find attorneys and title companies that understand what you are doing and can help you do it correctly.
Using an end-buyer’s lender’s money to fund the investor’s acquisition of the original seller is not a common practice today and is something I always strongly caution against.
It’s not uncommon that I hear of an investor or homeowner who receives advice from their lawyer not to do a short sale.
The kids have Spring Break this week and it’s. . . snowing. Huh?! Just when you thought things were getting a little weird – it gets weirder: snow in April . . . in Atlanta?
Well, it didn’t stick and it didn’t last long, but the kids looked up from the Wii just long enough to [...]
